US seeks to block JetBlue, Spirit Airlines merger at trial

📆 31-10-23 12:26:00
📰 Reuters

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.

JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred Prouser/File Photo/File Photo

The department is suing alongside Democratic attorneys general from six states and the District of Columbia. They call Spirit a "disruptive and innovative airline" whose low-cost, no-frills model has forced price cuts industry-wide. The airlines counter that allowing the deal to go forward would strengthen JetBlue's own long-standing reputation as a market disruptor.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Antitrust trial to determine fate of JetBlue-Spirit merger set to beginThe Justice Department is squaring off against JetBlue, which is seeking to buy Spirit Airlines in a deal worth $6.8 billion.
La source: washingtonpost - 🏆 95. / 72 Lire la suite »

JetBlue Reports Earnings Soon. What to Expect.The antitrust trial following the Justice Department’s lawsuit to block JetBlue’s proposed merger with Spirit Airlines is finally due to begin after a...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »